K2Engineering: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
K2Engineering
Largest movements
- Cash +€37,442
up €37,442 (+777.6%), from €4,815 to €42,257
mainly Net result for the year (+€29,851) and Receivables within one year (+€13,710)
- Receivables within one year -€13,710
down €13,710 (-26.3%), from €52,100 to €38,391
of which Trade receivables: -€11,173
- Profit (loss) carried forward +€29,851
up €29,851 (+366.6%), from €8,142 to €37,993
- Other debts -€13,028
down €13,028 (-45.9%), from €28,396 to €15,367
- Tax, wage and social debts +€6,545
up €6,545 (+130.7%), from €5,007 to €11,553
- Short-term financial debts +€2,116
up €2,116 (+849.7%), from €249 to €2,365
- Trade debts -€1,475
down €1,475 (-81.5%), from €1,809 to €334
- Gross operating margin +€18,274
up €18,274 (+114.3%), from €15,988 to €34,262
- Depreciation -€3,830
down €3,830 (-57.7%), from €6,636 to €2,806
- Taxes +€620
up €620 (+34437.2%), from €2 to €622
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €64,063 | €88,071 | +€24,008 | +37.5% |
| Fixed assets | 21/28 | €4,526 | €4,649 | +€123 | +2.7% |
| Tangible fixed assets | 22/27 | €4,526 | €4,649 | +€123 | +2.7% |
| Plant, machinery and equipment | 23 | €1,114 | €456 | -€658 | -59.1% |
| Furniture and vehicles | 24 | €3,412 | €4,193 | +€781 | +22.9% |
| Current assets | 29/58 | €59,537 | €83,423 | +€23,886 | +40.1% |
| Amounts receivable within one year | 40/41 | €52,100 | €38,391 | -€13,710 | -26.3% |
| Trade receivables | 40 | €49,563 | €38,391 | -€11,173 | -22.5% |
| Other amounts receivable | 41 | €2,537 | €0 | -€2,537 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,815 | €42,257 | +€37,442 | +777.6% |
| Deferred charges and accrued income | 490/1 | €2,622 | €2,775 | +€153 | +5.8% |
| Total equity and liabilities | 10/49 | €64,063 | €88,071 | +€24,008 | +37.5% |
| Equity | 10/15 | €28,602 | €58,453 | +€29,851 | +104.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €8,142 | €37,993 | +€29,851 | +366.6% |
| Amounts payable | 17/49 | €35,461 | €29,618 | -€5,843 | -16.5% |
| Amounts payable within one year | 42/48 | €35,461 | €29,618 | -€5,843 | -16.5% |
| Financial debts | 43 | €249 | €2,365 | +€2,116 | +849.7% |
| Credit institutions | 430/8 | €249 | €2,365 | +€2,116 | +849.7% |
| Trade debts | 44 | €1,809 | €334 | -€1,475 | -81.5% |
| Suppliers | 440/4 | €1,809 | €334 | -€1,475 | -81.5% |
| Taxes, remuneration and social security | 45 | €5,007 | €11,553 | +€6,545 | +130.7% |
| Taxes | 450/3 | €5,007 | €11,553 | +€6,545 | +130.7% |
| Other amounts payable | 47/48 | €28,396 | €15,367 | -€13,028 | -45.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,636 | €2,806 | -€3,830 | -57.7% |
| Other operating charges | 640/8 | €760 | €882 | +€122 | +16.1% |
| Gross operating margin | 9900 | €15,988 | €34,262 | +€18,274 | +114.3% |
| Operating profit (loss) | 9901 | €8,592 | €30,574 | +€21,982 | +255.8% |
| Financial income | 75/76B | €11 | €12 | +€1 | +10.9% |
| Recurring financial income | 75 | €11 | €12 | +€1 | +10.9% |
| Financial charges | 65/66B | €167 | €113 | -€54 | -32.2% |
| Recurring financial charges | 65 | €167 | €113 | -€54 | -32.2% |
| Profit (loss) for the period before taxes | 9903 | €8,436 | €30,473 | +€22,037 | +261.2% |
| Income taxes | 67/77 | €2 | €622 | +€620 | +34437.2% |
| Profit (loss) for the period | 9904 | €8,434 | €29,851 | +€21,417 | +253.9% |
| Profit (loss) for the period to be appropriated | 9905 | €8,434 | €29,851 | +€21,417 | +253.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.